Tasha llc purchased furniture 7-year property on april 20, Ask an Expert

Accounting

Tasha LLC purchased furniture (7-year property) on April 20 with a basis of $20,000 and used the mid-quarter convention. During the current year, which is the fourth year Tasha LLC owned the property, the property was disposed of on December 15. find out the maximum depreciation expense, rounding to a whole number:

A. $898

B. $2,095

C. $2,461

D. $2,394

E. None of these

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Accounting Basics, Accounting

Category:- Accounting Basics
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